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Setting the Stage for Thousands of Opioid Lawuits, Potentially Years of Litigation
News – Insurance Journal May 17, 2021 | 07:29 amA corner of West Virginia wrenched by opioid addiction is getting the chance to argue in a courtroom that some of the corporate giants it blames for a public health crisis that left hundreds of people dead deserve to be[…]
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Aon to Sell Pensions Business in Germany, in Another Step to Get EU Nod for WTW Deal
News – Insurance Journal May 17, 2021 | 07:28 amAon plc announced it has signed a definitive agreement to sell its pensions consulting, pension insurance broking, pensions administration and investment consulting business in Germany to Lane Clark & Peacock LLP (LCP). The agreement is another step Aon and Willis[…]
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New Post-COVID Hybrid Work Arrangements May Not Be as Flexible as Desired
News – Insurance Journal May 17, 2021 | 06:45 amFourteen months after coronavirus confined the world’s office-workers to their homes, companies are embarking on another great experiment — how to get their teams back together, in-person, at least some of the time. It’s a task that is briefly uniting[…]
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Mississippi Supreme Court Kills Voter-Backed Medical Marijuana Initiative
News – Insurance Journal May 17, 2021 | 03:05 amMississippi will remain in the minority of states without a medical marijuana program after the state Supreme Court on Friday overturned an initiative that voters approved last fall – a decision that also limits other citizen-led efforts to put issues[…]
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Teams Assess Damage After Fire on Overturned Cargo Ship in Georgia Port
News – Insurance Journal May 17, 2021 | 02:48 amA salvage team assessed damage Saturday after a fire was ignited inside the remains of an overturned cargo ship that is being dismantled along the Georgia coast. “The assessment is likely to take several days,” the multiagency command overseeing the[…]
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People Moves: Texas Mutual Promotes Potter to CFO, Martin to Sr. VP-HR
News – Insurance Journal May 17, 2021 | 01:51 amTexas Mutual Workers’ compensation insurer, Texas Mutual Insurance Co., has promoted Bill Potter to chief financial officer (CFO). Potter, a certified public accountant, succeeds Mike Barron, who served as Texas Mutual’s CFO for over 17 years and has retired. Potter[…]
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People Moves: National Interstate Promotes Mikolay, Keenan; Old Republic Surety Names Littlefield VP
News – Insurance Journal May 17, 2021 | 01:07 amNational Interstate National Interstate Insurance Co. has promoted Christopher (Chris) E. Mikolay to senior vice president, Specialty Division and Daniel (Dan) M. Keenan to vice president, National Accounts. Mikolay will assume leadership responsibility for National Interstate’s Specialty Division and Hawaii[…]
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Private Firefighting Firms Add to Tension While Saving Vineyards, Mansions From Wildfires
News – Insurance Journal May 17, 2021 | 01:00 amLast October, firefighter Ryan Bellanca and his crew battled to keep the raging Glass Fire in California from devastating an upmarket Napa Valley vineyard. But Bellanca wasn’t working for any fire department. He owns a private company that had been[…]
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BriteCo Launches Online Jewelry Insurance Program
News – Insurance Journal May 17, 2021 | 00:53 amBriteCo jewelry insurance has launched a program to insure fine jewelry and watches that can be quoted and bound online offering enhanced coverage and a monthly pay option. The new insurance offering is backed by Glencar Insurance Co. Consumers can[…]
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Judge Rules Florida Deputies Fired Over Parkland Massacre Should Get Jobs Back
News – Insurance Journal May 17, 2021 | 00:46 amA Florida judge ruled Thursday that two deputies who were fired for inaction during a high school mass shooting in 2018 should be reinstated with back pay. Broward Circuit Judge Keathan Frink concluded that arbitrators last year were correct in[…]
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AM Best Says Pipeline Attack Shines Spotlight on Cyber Insurance
News – Insurance Journal May 16, 2021 | 20:26 pmThe ransomware attack on one of the largest pipelines in the United States highlights the interconnectedness of cyber risk and the importance of cyber security to all business operations, according to a new AM Best commentary. In its Best’s Commentary,[…]
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California Flooring Business Owners Charged for $3.8M Workers’ Comp Fraud
News – Insurance Journal May 14, 2021 | 16:22 pmRyan Black, 45, formerly of Fair Oaks, Calif., and Curtis Davis, 53, of Penryn, were both charged this week with three felony counts of workers’ compensation fraud after allegedly underreporting payroll and employees by more than $30 million to save[…]
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Tortoise Movers Sue Florida Commission for $500K for Moving Too Fast to Revoke License
News – Insurance Journal May 14, 2021 | 12:59 pmTwo men who relocate gopher tortoises are suing Florida’s wildlife commission, saying they should be awarded at least $500,000 in damages because the agency violated due process by prematurely revoking their company’s license for less than three weeks. The lawsuit[…]
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Data Expert: Distributors Increased Drug Potency in West Virginia
News – Insurance Journal May 14, 2021 | 12:55 pmA data expert testifying at a landmark opioid trial in West Virginia said Tuesday that the potency of prescription drugs sent to local communities increased over time, but the three large drug distributors being sued tried to discredit his analysis.[…]
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EPA Says Water OK to Drink in Miss. Capitol City as Treatment System Struggles
News – Insurance Journal May 14, 2021 | 12:51 pmEnvironmental Protection Agency officials met with Jackson leaders Tuesday to discuss severe issues with the water system in Mississippi’s capital city. They said fixing the system will take years and cost millions of dollars, but for now, it’s OK for[…]
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New Florida Law Seeks to Protect State from Sea Level Rise
News – Insurance Journal May 14, 2021 | 12:41 pmFlorida – one of the most vulnerable places in the world to sea level rise – will spend hundreds of millions of dollars over the next few years to protect against coastal flooding under a bill Republican Gov. Ron DeSantis[…]
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Nebraska Medical Marijuana Legalization Bill Meets Resistance
News – Insurance Journal May 14, 2021 | 12:34 pmA bill to legalize and tightly regulate medical marijuana hit a wall of resistance in the Nebraska Legislature on May 12, even though some opponents acknowledged that rejecting it will pave the way for a much less restrictive ballot measure[…]
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New Oklahoma Workers’ Comp Fraud Law Goes in Effect Nov. 1
News – Insurance Journal May 14, 2021 | 12:25 pmOklahoma Gov. Kevin Stitt on May 7 signed into law legislation creating new penalties for workers’ compensation fraud. The legislative summary for House Bill 2236 states that anyone “failing to report to an employer, insurance carrier, or third-party administrator any[…]
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People Moves: Marsh’s Daudt to Oneglobal; MS Amlin’s Boreham to Africa Specialty Risks; Zurich’s Jadav to AXA XL; RFIB’s Hallett to SiriusPoint
News – Insurance Journal May 14, 2021 | 11:37 amThis wrap-up of international People Moves details recent appointments at Oneglobal Broking, Africa Specialty Risks, AXA XL and SiriusPoint. A summary of these new hires follows here. Oneglobal Broking, the London based broker, announced the appointment of Nicolau Daudt as[…]
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People Moves: Lockton Pacific Adds Burbach and Szot in San Francisco, Denham in L.A.
News – Insurance Journal May 14, 2021 | 10:45 amLockton’s Pacific region has added Jordan Burbach, Daniel Denham and Andrew Szot. They will help private equity firms looking for strategic guidance and insurance solutions to manage risks. Burbach and Szot are based in Lockton’s San Francisco office. Denham is[…]
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